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Jared Kearby - Power Technology Research

1.
EVs & Manufacturing
How the adoption of EVs is impacting automotive manufacturing
and what does this mean for the future?
Prepared for EV Momentum
by Power Technology Research
Jared Kearby, Director - Industrial

4.
EV Overview
• The electric vehicle has seen early market success before.
• Today, EVs are on track to impact the status quo of the automotive sector.
• Wide-scale adoption of EVs will impact the automotive industry on all fronts.
Regardless of whether the EV market grows by a 15% or 35% CAGR into
2025, an impact will be evident.

8.
Key Impacts on the Machine Tool Market
• In this case, machine tools refers to the manufacturing of machinery used in
the cutting or forming of metals.
• Not all components will be affected, but several component markets are at risk
for reduced demand.

12.
What does this mean?
Short-term
• Increased orders for machine tool manufacturers due to demand for both HEV,
PHEV and ICE components.
Long-term
• Automotive machine tool manufacturers will see reduced orders for ICE
machinery.
• Results in a shift to alternative business models. There are components that
will need to be produced for BEVs as well, such as battery casings, gears and
driveshafts, suspension coils, A-frames, etc.

13.
Examples
ZF
• In 2016, the E-Mobility Division was formed in response to the increase BEV and PHEV
demand.
GKN
• As a result of a higher growth rate for EVs, GKN is now offering eDrive systems for the
OEMs. Although eDrive sales accounted for only 1% of GKN Driveline division revenue
in 2016, this number is expected to grow as EVs continue to penetrate the automotive
market
MAGNA
• Has invested in developing a BEV drivetrain solution for the OEMs. In 2016, the
company won its first BEV contract for Jaguar’s I-Pace, which is planned to start being
delivered in the second half of 2018.